FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

You have 569,000 You put 23% of your money in a stock with an expected return of 15%,539.000 in a stock with an expected return

image text in transcribed
You have 569,000 You put 23% of your money in a stock with an expected return of 15%,539.000 in a stock with an expected return of 16%, and the rest in a stock with an expected retum of 21%. What is the expected return of your portiolio? The expected retum of your porfolio is K. (Round to two decimal places.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image
Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Understanding Terrorist Finance
Understanding Terrorist Finance

Authors: T. Wittig

2011th Edition

0230291848, 978-0230291843

More Books

Students explore these related Finance questions

Question

Nutek, Inc., holds a patent for the Full Service handi-plate, which the company described as "a patented plastic buffet plate that allows the user to hold both a plate and cup in one hand" and that...

Answered: 3 weeks ago

Question

I do not remember him having told me about the meeting.

Answered: 3 weeks ago

Question

T F Legally available substances account for more deaths than all illegal substances combined. (p. 291)

Answered: 3 weeks ago

Question

Toni Pena is the sole owner of Deer Park, a public camping ground near the Lake Mead National Recreation Area. Toni has compiled the following financial information as of December 31, 2012...

Answered: 3 weeks ago

Question

You have 569,000 You put 23% of your money in a stock with an expected return of 15%,539.000 in a stock with an expected return of 16%, and the rest in a stock with an expected retum of 21%. What is...

Answered: 3 weeks ago

Question

An engagement team is designing a substantive analytical procedure (SAP) to test current period payroll expense. Which of the following represents the most plausible relationship between the data the...

Answered: 3 weeks ago

Question

Example 1. White Co. has listed the following amounts in its balance sheet at the end of 2014: Accounts Cash Euros 50,000 Concept CA Share capital 100,000 EQUITY Land 40,000 NCA Creditors 20,000 CL...

Answered: 3 weeks ago

Question

ABC Company manufactures a product in two departments: A and B. Owing to rigid quality of control measures, an avoidable unit loss occurs in Department B Production data for the month of May 2021...

Answered: 3 weeks ago

Question

William Bates, a marketing director, has remained strongly committed to staying with the Gemma Corporation for his entire career. Because of this commitment, he has a(n) _________blank career...

Answered: 3 weeks ago

Question

Based on what we observed in the course on the Canadian monetary system, identify whether the following statements are true or false. The velocity of money has been constant on average between 1970...

Answered: 3 weeks ago

Question

At the start of period one Tommy has no opening inventories. Tommy sells his product for 12 per unit incurring the following unit variable costs: Direct materials 4.80 Direct labour 2.00 Variable...

Answered: 3 weeks ago

Question

5. Work Rules. CCH, a Wolters Kluwer company, provides a business owners toolkit through their Tax and Accounting service. CCH is a leading provider of business, legal, and tax information. Locate...

Answered: 3 weeks ago

Question

3. What type of evidence are the e-mails received from employees about Gatess on-duty behavior? Should this evidence be considered by the arbitrator? Why or why not? Background On March 30, 2006,...

Answered: 3 weeks ago

Question

4. Should the Companys offer to pay back pay and to restore seniority and benefits if Gates is found not guilty be considered by the arbitrator? Why or why not? Background On March 30, 2006, David...

Answered: 3 weeks ago

Previous Question Next Question